Tag: Retired CEO

Chairman and Chief Executive Officer of United Technology Corporation(UTC), Louis R. Chenevert has retired as of November 2014. Leaving behind a extremely successful company.

Before UTC

For his educational background beforehand entrepreneur Louis first received a Bachelor of Commerce degree in production management from the “Université de Montréal”, École des hautes études commerciales (HEC) and an Honorary Doctorate from the “University of Montreal”. Louis spent 14 years at General Motors gaining experience than serving as Production General Manager of General Motors’ St. Therese operation. Than he joined Pratt and Whitney through 1993 until april of 2006 where he then joined UTC.

Chenevert Time At UTC

The idea for UTC came because of the drive to create products that could change people’s lives because of this drive they have continuously been creating technology that has been changing the entire way we think of things now.

When Louis was at UTC the focus was on operational talent and engineering. They wanted something that could exceed what the customer wanted. To do that they had small teams and operational leadership teams that got all the necessities needed to achieve their objectives.

When he was working there one thing he made sure to do was to ignore the idea of outsourcing. Instead of moving to countries that would work for cheap he did the opposite he chose to move it to the United States. He believed cheap pay is the equivalent of receiving cheap products.

The corporation became very successful even with the hardships that were gone through to get it to the standard it was at.

Why Would He Want To Leave?

There was no big scandalous reason behind him retiring his position. There was no bad reputation held by UTC or any big commotion caused by Louis. He simply decided that he wanted to live a semi- retired life and have some extra time. So he can now enjoy his life just a little bit more than before and experience new passions and behind him he left the highly successful company of United Technology Corporation.